Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-02-03
FOREIGN TOPICS.

ESPECIAL DISPATCHES TO THE REcoRD-uNIoN.l
European Securities.
PARIS, February 2d.-On the Bourse yes
terday there was intense excitement, and at
the settlement the market was almost ,
paralyzed. The panic was partly due to
distrust at the position of dealers. Those
whose credit was not of the highest class
were only able TO carry over rentes at
ruinous prices. The per cent. renteS
ranged from 40 to 60 confines. The latest
quotation of 8 per cents is II francs so
centimes, against 70 francs so confines yes
terday. Italian rentes declined l franc 80
confines, Credit Foncier Go francs, Otto
man Bank 81 francs, and Suez Canal %
francs.
PARIS, February 2d-At noon to-day 3
per cent. rentes were II francs p eentimes,
a decline of AL confines. A better feel
ing then prevailed, and at 2 P. NJ. rentes
had advanced to n francs 20 confines.
PARIS, February I'D p M.-The quota
ton of per cent rentes at the official
close of the Bourse this afternoon was 70
francs, As confines, an advance of 40 CEN
times over the quotations at the official
close yesterday.
COLLAPSE OF THE BERLIN BoURsE.
BERLIN, February 2d--On the Bourse
to-day there was total collapse of prices.
The advices from Paris and Vienna cause
intense excitement. Pfussian consols fell
per cent, and Hungarian gold Tentes per
cent.
LONDON STOCK EXCHANGE EXCITED.
LONDON, February 21-A panic prevailed
on the Stock Exchange yesterday, slightly
abating toward the close. Throughout the
day orders to sell poured in from the Cont
nent. Only the buying by English opera
tors prevented an extreme fall in rates.
Business after the official close was active.
The street was excited over reports of i'm
pending failures of many Paris dealers
which would involve English houses.
LoNDoN, February 2d-2:3O P. M-The
Stock Exchange markets are sensitive and
nervous. They opened very fiat. A better
feeling set in on the rumor that General
Boulanger, the French Minister of War,
had resigned, and prices fell later on re-
ports Of lower prices on the Berlin Bourse.
They have since become firmer on dis
patches from Paris reporting steadier
market there.
The European War Cloud.
BERLIN, February 2d.-The Cologne Ga
aette, in an article headed: An the War
Apprehensions Justified, points out that
France is preparing to form-in the short
est time possible in the event of war in the
spring-a strategetical line which she de-
layed forming in 1870. Germany, must,
therefore, take needful counter measures
or summon France to reduce her frontier
garrisons. The Gazette further announces
that the Government will take the neceS-
sary steps to prevent Alsace-Lorraine from
being over-run by French troops immedi-
ately after the declaration of war.
PUTTING HERSELF IN FIGHTING TRIM.
LONDON, February 2d.-Army estimates
this year will include the pew repeating
rifle, the defense of home ports and the
equipment of submarine mining corps
| for the Clyde, Mersey, Tyne, Tay and Sew
ern rivers and Belfast Bay. The War and
| Navy Departments will thus be enabled 10
make concerted defense in the emer-
gency of sudden attack on any Of the
above ports. Admiral Tryon has been APP
pointed Chief of the New Naval Intel.i-
gence Department
| A Notable Speech.
BERLIN, February 2d-A notable speech
was delivered by Herr Miguel at Neustadt
to-day at the Congress of National Liberal
delegates from South Mesteen, Germany.
He charged the opponents of the septen-
| nate with breaking their compromise with
the Emperor, and declared that Liberalism
could not grow in the midst of men who
were fighting against the security of their
country. The National Liberals, he said,
were real defenders of the calm progressive
| development of fatherland. Intestinal
struggles weakened the empire. If war
| should be declared before the present diff
culties were settled, the danger would be
doubiy great. The attitude of the center
party was incomprehensible, because re-
| iigious questions had not been touched
upon. The elections only related to the
prosperity and security OF country.
Significant Remark of King William.
BERLIN, February 2d.-Emperor William
yesterday gave an audience to the President
of the Prussian Landtag, and in the course
of his remarks said: "Once before we had
to dissolve the Reichstag, owing to refusal
to vote an army bill, and then the differ
ences between the Government and a par
liamentary majority were only brought to
an end by foreign war;
Reassuring the Chancellor.
BERLIN, February 2d.-The National ca
-ette states that Herbett, French Embassa-
dor to Germany, in recent interview with
regarding General Boulanger's position
and intentions.
Defeat of the Italia: in the Soudan.
ROME, February 2d-Premier Depretis
informed the Italian Chamber of Deputies
yesterday that there had recently been Sc
we're fighting in that part Of Soudan whose
occupation was being ATTEMPTED by Italy,
in the understanding with England. He
said this fighting had resulted in almost
complete disaster to the Italian forces en-
gagged, in conjunction with the Abyssiuian
troops, in the work of attempting to release
Cassala, which has been beseiged by hos
tile Arabs ever since the beginning of the
Sondan war by the late I'll Mahdi. Going
into details, the premier said that Rasahu-
las, the General commanding the Abyssin-
ian troops, accompanied by small num-
Der of Italian soldiers, attacked Saati on
January 25th, and hoty-fought battle Ell
sued. It lasted three hours and the army
of Rasahulas was repulsed. The Italian
loss was small and that of the Abyssinians
unknown. The next day three companies
of Italian troops left Muukult to carry pro-
visions 10 Saati. The AbyssiniaHs again
made an attack and desperate battle was
waged. The Abyssinians were defeated and
the Italian troops were simply annihilated,
only ninety wounded reaching Narson
after the battle. ibis statement mace
profound sensation in the Chamber.l Pre-
mier Depretis then added that the Italian
Commander had recalled the troops from
the advance and concentrated them at Mas
sowah. The Radicals laughed ironically
at this The Government now proposed
bill for the appropriation of 100000
with which to send Italian re-enforcemeBts
to Massowah, which the Chamber at once
approved, by an almost unanimous vote.
Some of the Radicals having cheered sar-
castically in allusion 10 the yalor of the
Abyssinian troops, the whole House rose
and cheered the Government Radicals
cried out, We must retire" The major
ity rejoined with the cries of " Never"
:" towards" etc.
The city last night was in high state of
excitement, bordering on frenzy, over the
news from the Soudan.
SENDING REINFoRcEMENTs.
MALES, February % Eight hundred
troops embarked to-day for Mass0wah to
reinforce the Italian army there. A sec
ond detachment is to be sent Monday.
Gambling on the Cunarders.
LONDON, February 2d.--Thirteen persons